REGULAR CHECKING

Minimum balance to avoid imposition of fees: If your balance falls below $500.00 on any day in the monthly statement cycle a monthly maintenance fee of $8.00 will be imposed once during the statement cycle. If your balance is at least $500.00 on every day of the monthly statement cycle but falls below $750.00 on any day during the monthly statement cycle we will impose a monthly maintenance fee of $5.00 once during the statement cycle.

Fees-

An additional debit fee of $.22 will be charged for each debit in excess of 25 during a statement cycle unless your balance is at least $1,000.00 on every day in the monthly statement cycle.

FREE Woodhaven National Bank ECOM Online Banking

FREE Online Bill Payment

FREE Telebank 24 hour Telephone Banking

ATM/Mastercard® Debit Card Available

Monthly E-Statements or Text Statements

There will be a $30.00 NSF charge for each check/debit overdrawing the account

GOLD PLUS CHECKING

For our customers 55 years of age and over to make banking at Woodhaven National Bank easier and more affordable than ever. Provides the convenience of a checking account while earning interest like a savings account. Unlimited check writing with no per check charges.

Minimum balance to avoid imposition of fees: A monthly maintenance fee of $15.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $2,500.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Withdrawal Terms-

Transaction limitations: Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card, or similar order to third parties are limited to six per statement cycle

Fees-

Fees: An excessive debit fee of $10.00 will be charged for each debit in excess of six during a statement cycle.

Frequency of rate changes: We may change the interest rate on your account at any time.

Determination of rate: At our discretion, we may change the interest rate on your account.

Effect of closing an account: If you close your account before interest is credited, you will not receive the accrued interest.

Daily balance computation method: We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. If your daily balance is $2,500.00 or more, the interest rate paid on the entire balance in your account will be equal to the Money Market account rate. If your daily balance is $2,499.99 or less, the interest rate paid on the entire balance in your account will be equal to the NOW Account rate.

Compounding and crediting frequency: Interest will be compounded every month. Interest will be credited to your account every monthly statement cycle.

Accrual of interest on noncash deposits:Interest begins to accrue no later than the business day we receive credit for the deposit on noncash items (for example, checks)

FREE Woodhaven National Bank ECOM Online Banking

FREE Online Bill Payment

FREE Telebank 24 hour Telephone Banking

Monthly E-Statements or Text Statements

There will be a $30.00 NSF charge for each check/debit overdrawing the account

CERTIFICATES OF DEPOSIT

Your Woodhaven National Bank Certificate of Deposit offers a higher interest rate with terms from 30 days to 5 years. The interest rate and annual percentage yield will not change for the term of the account.

INDIVIDUAL RETIREMENT ACCOUNTS

Contributions can be tax deductible in the year they are made depending on the IRA holder's income level and participation in Employer Sponsored retirement plans.

Contributions can be made up until your tax deadline, generally April 15th, for a prior year contribution.

Generally, Traditional IRA account holders are taxed on distributions in the year distributions are taken.

The Traditional IRA account holder is required to begin taking distributions in the year they reach 70 1/2. Individuals can begin to withdraw without IRS penalty at the age of 59 1/2

Roth IRA's

The Roth IRA contributions are not tax deductible. Investors would benefit from a Roth IRA if they:

Expect to be in the same or even higher tax bracket at retirement age

Already contribute to 401K or other company plan

Want to continue to contribute to an IRA Plan after age 70 1/2

SEP IRA's

A SEP IRA is a Traditional IRA account that is established by an employer for eligible employees. The employer can have certain guidelines that the employee has to meet to be eligible. You must check with your employer to see if they offer this benefit.